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2017-08-01 TIRZ MinutesTAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF SOUTHLAKE BOARD OF DIRECTORS MEETING MINUTES LOCATION: 1400 Main Street, Southlake, Texas, Council Chambers in Town Hall MEMBERS PRESENT: Vice Chairman Shawn McCaskill, Members: Rebecca Barksdale, Laura Hill, Chad Patton, Shahid Shafi, and Scott Wrehe. MEMBERS ABSENT: Read Ballew, Mark McClendon, John Huffman, Scott Rule, Randy Williamson and one vacant place. STAFF PRESENT: Assistant City Manager & Director of Economic Development Alison Ortowski, Deputy Director of Communication Pilar Schank, Chief Financial Officer Sharen Jackson, Senior Director of Planning and Development Services Ken Baker, Director of Public Works Rob Cohen, Human Resources Director Stacey Black, IT Director Greg Hendricks, Police Chief James Brandon, and City Secretary Carol Borges 1. CALL TO ORDER The meeting was called to order by Vice Chairman Shawn McCaskill at 5:16pm. 2. CONSIDERATION: APPROVAL OF THE MINUTES FROM THE DECEMBER 6, 2016 TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BOARD OF DIRECTORS MEETING. APPROVED A motion was made to approve the minutes from the December 6, 2016 Tax Increment Reinvestment Zone Number One Board of Directors meeting. Motion: Patton Second: Shafi Ayes: Barksdale, Hill, McCaskill, Patton, Shafi, Wrehe Approved: 6-0 3. DISCUSSION: PROPOSED FISCAL YEAR 2018 TAX INCREMENT REINVESTMENT ZONE NUMBER ONE BUDGET OVERVIEW AND REVISED BUDGET FIGURES FOR FISCAL YEAR 2017. Chief Financial Officer Sharen Jackson presented Item 3 and answered questions from the Board. No action required. 4. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE PROJECT STATUS UPDATE. Southlake Town Square representative Frank Bliss updated the Board on Town Square commercial and residential projects. David Ayer with RPAI reported on tenant leases. No action required. TIRZ MEETING MINUTES, AUGUST 1, 2017 Page 1 of 2 TAX INCREMENT REINVESTMENT ZONE NUMBER ONE CITY OF SOUTHLAKE BOARD OF DIRECTORS MEETING MINUTES 5. DISCUSSION: TAX INCREMENT REINVESTMENT ZONE NUMBER ONE — FUTURE PLANS. Chief Financial Officer Sharen Jackson presented Item 5 and answered questions from the Board. The Zone is set to expire in 2018. Staff is exploring options to extend the Zone, which would include updating the project and financing plan. Upon extension, the City and Carroll ISD will be the only participating entities. No action required. 6. ADJOURNMENT The meeting was adjourned by Vice Chairman Shawn McCaskill at 5:29pm. MINUTES APPROVED ON THIS, THE �—' 3 rDAY OF _ 20 Shawn McCaskill, Vice Chairman ATTEST:��ti,, UT��r�y Carol Ann Borges, TRMC City Secretary 17 . , *�1tlt TIRZ MEETING MINUTES, AUGUST 1, 2017 Page 2 of 2